NOT LISTED FOR SALE

111 Franklin St Ludington, MI 49431

Estimated Value: $128,030 - $212,000

-- Bed
-- Bath
-- Sq Ft
5,619 Sq Ft Lot

Last Sold March 16, 2018

Last sale price $93,500

Est. 95% increase in value since last sale

Current estimated payment $1,194/month

21 Days on Market

About This Home

As of March 2018

Great opportunity to start a venture in leasing property or live in the home and rent the apartment upstairs! The main floor of this home is ~1000 sf 2 bed/1 bath - neat and tidy with access to the basement laundry and storage area. The upper apartment is ~500 sf 1 bed/1 bath with separate meters for gas and electric! Recent upgrades to this early 1900's bungalow include vinyl siding, metal roof, windows, doors and some electric. The main floor kitchen was renovated as well and opens onto a rear deck and small yard space with a detached garage/storage barn. Upper level has basic level of finish and long term tenant. Scheduled showings only please!

Last Agent to Sell the Property

Renee Malburg

Five Star Real Estate - Ludington License #6506043816 Listed on: 02/14/2018

Five Star Real Estate - Ludington

Last Buyer's Agent

Random Messeder

LIGHTHOUSE REALTY-Ludington License #6501380117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • 1512

Lot Details

  • 5,619 Sq Ft Lot
  • Lot Dimensions are 47 x 120

Parking

  • 3 Parking Spaces

Home Design

  • Metal Roof
  • Vinyl Siding

Basement

  • Partial Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,350

Year Built

1512

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1512
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 92000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5619.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1350.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2022
Sold by
Lockeman Brian and Lockeman Kelly
Bought by
Lockeman Family Trust
Current Estimated Value
$182,258

Purchase Details

Listed on
Feb 14, 2018
Closed on
Mar 14, 2018
Sold by
Britney Ernst Test T
Bought by
Lockeman Brian and Lockeman Kelly
Seller's Agent
Renee Malburg
Five Star Real Estate - Ludington
Buyer's Agent
Random Messeder
LIGHTHOUSE REALTY-Ludington
List Price
$92,000
Sold Price
$93,500
Premium/Discount to List
$1,500
1.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.14%

Purchase Details

Closed on
Jan 1, 1753
Sold by
Ernst Ruth E
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lockeman Family Trust -- --
Lockeman Brian $93,500 --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $93,500 +1.6% --
03/07/2018 03/07/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $92,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $61,800 $61,800 $0
2023 -- $55,700 $55,700 $0
2022 -- $50,400 $0 $0
2021 -- $47,800 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Renee Malburg

    Seller's Agent in 2018

    Renee Malburg

    Five Star Real Estate - Ludington

    (231) 233-5674

    166 Total Sales

    Renee Malburg
    Section Image

  • R

    Buyer's Agent in 2018

    Random Messeder

    LIGHTHOUSE REALTY-Ludington

    (231) 425-8753

    140 Total Sales

    Random Messeder
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18005256

Southwestern Michigan Association of REALTORS®

APN: 051-241-013-30

Michigan Mason County Ludington 49431

111 Franklin St, Ludington, MI

This home is located at 111 Franklin St, Ludington, MI 49431 since 14 February 2018 and is currently estimated at $182,258. This property was built in 1512. 111 Franklin St is a home located in Mason County with nearby schools including Ludington Elementary School, Franklin Elementary School, and O.J. DeJonge Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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